Sacramento Bee Parent, McClatchy, taking on new debt to pay back existing $700 million

The McClatchy Co., which owns The Sacramento Bee, is buying time on hundreds of millions of debt through a refinance.

by Kelly Johnson, Sacramento Business Journal, Nov 30 2012

The McClatchy Co., which owns The Sacramento Bee, is buying time on hundreds of millions of debt through a refinance.

The Sacramento-based media company (NYSE: MNI) is taking on $750 million in new debt that would be due in 2022 so it can buy back $700 million in existing debt that’s due in 2017, McClatchy reported in two news releases Wednesday.